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What Should You Tell Clients About Mutual Fund Scandals?

What should you tell your clients about the unfolding mutual fund trading scandals? Should you change the way you do business? Here is my best ...

By Staff Writer | Updated on November 01, 2003

What should you tell your clients about the unfolding mutual fund trading scandals? Should you change the way you do business? Here is my best thinking, along with specific recommendations for practice management and client communications.

For most Americans, the mutual fund scandals were a modestly important story until the last week in October. Then, two developments made the story look bigger and uglier on Main Street while changing the mood of media coverage from annoyed to hostile. One development involved insider trading among portfolio managers at Putnam. Another revealed trading duplicity at the very top of Strong Funds.

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